Archives
The Markets – September 2, 2024
Posted on September 2, 2024 Leave a Comment
This upcoming week is a big week from a cycles perspective. Not as clear cut as it was in Mid-July but STILL a time for caution. WATCH THE YEN.
The Markets – March 24, 2024
Posted on March 24, 2024 1 Comment
The NYSE Index HIT the square out at 18, 059 and reacted very very minimally (which surprised me to be honest) and is walking up the wall of worry. Today that level is at 18,070. As you can see above, we have not CLOSED ABOVE the 1:1 trend line from the all time low and […]
Banks/Financials – January 7, 20224
Posted on January 7, 2024 Leave a Comment
Last post on Banks/Financials: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/04/banks-financials-december-4-2023/ Update … If you’re a BULL you want these patterns to FAIL. If you’re a BEAR you want them to WORK. Banks/Financials lead us UP and they lead us DOWN. Decision time Banks/Financials … Also, take a look at XLF … completed, not only a Gartley SELL but it also […]
Banks/Financials – December 4, 2023
Posted on December 4, 2023 1 Comment
It’s all PATTERNS – at least for me. Here are three VERY NICE SELL Patterns across 3 securities that represent a majority of the banks/financials that are out there. The PATTERNS are saying sell and, if you look at XLF below, the PATTERNS are only 2-4% away so it’s not that inconceivable that they could […]
Banks/Financials – July 27, 2023
Posted on July 27, 2023 Leave a Comment
Saw the gap up today – pretty darn impressive – so I immediately went to the XLF and “figured” that it would have gapped up w/ everyone else and blew over the .786 retracement and off to the races. IT DID NOT. Hmmmmm Because of that, I cruised around JNK, XLF, $BKX and KRE and […]
JPM – May 21, 2023
Posted on May 21, 2023 1 Comment
This is a long term monthly count from JPM that stretches back 50+ years. Folks, certainly doesn’t “feel” like a 5 wave move in JPM is complete but the count doesn’t break any rules so … 5 waves complete? Here’s the daily chart below – calling attention to the island reversals and the island reversals […]
KRE Regional Banks ETF – May 12, 2023
Posted on May 12, 2023 Leave a Comment
Last post on KRE: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/30/kre-regional-banks-etf-april-30-2023/ Supposedly … who knows what is true these days .. 1000’s of banks are underwater. OK … whatever. Here’s when we look at the CHART and we ask should we BUY or SELL or DO NOTHING. KRE sliced thru the first “potential support” and now we approach, what I think, […]
Banks – March 26, 2023
Posted on March 26, 2023 Leave a Comment
Last post on the banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/banks-march-13-2023-updated/ Folks … can’t objectively say what “it” is but something is afoot at the circle K … Whatever it is or isn’t we do have a pretty good line in the sand. The chart above is “log scale” … take a look at: Let’s call that level our line […]
Goldman Sachs – March 11, 2023
Posted on March 11, 2023 Leave a Comment
Very important support comes in for GS a little lower in/around the 320’s and then 300’s. We lose those levels then expect GS to breathe down to a VERY NICE BUY PATTERN from 243-247. That buy PATTERN is a classic. ABCD, .618 retrace, 1.27 extension and then the “crossover” structure .. dare I say, it’s […]
Bart's Charts 